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Wan LixinOpinion deputy editor of Shanghai Daily
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SHANGHAI shares dipped yesterday, ending a four-day rising streak last week, amid a slowing growth of the consumer price index and a wait-and-see stance by investors before the release of third-quarter financial reports.
The Shanghai Composite Index lost 0.36 percent to 3,378.47 points.
Consumer goods such as medical equipment and electronic devices led decliners as the CPI posted a slower growth of 1.6 percent year on year in September from August’s 1.8 percent. It was the eighth straight month that the CPI was below 2-percent level.
Shanghai Kindly Enterprise Development Group Co, a medical device maker, tumbled 9.11 percent to 17.36 yuan (US$2.63), while Will Semiconductor Co fell 7.36 percent to 30.23 yuan.
Shenzhen-based startup board ChiNext slumped 2.25 percent. Shares of Shenzhen Coship Electronics Co and Wangsu Science&Technology Co fell.
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